“During the big healthcare fight, conservatives told older Americans that Obamacare was grabbing money from their Medicare and giving it to young people. Now they tell young workers that Medicare and Social Security are draining their take-home pay to support retirees sitting around the pool.
The story … moves from the young taking from the old to the old taking from the young. The one constant here is the motive: To weaken public support for government programs offering Americans a modicum of economic and healthcare security.
We can all agree that entitlement spending must be contained. The 'how' of it is a big question. But the answer cannot be intergenerational warfare. And it need not be. …
President Barack Obama's budget would begin to correct the imbalance reflected in an Urban Institute computation that Washington spends seven times as much per older American as it does per child. It would increase spending on education, on infrastructure, on research, on jobs—programs aimed at boosting an economy that has not been kind to younger workers. …
But the origin of this phony war between the generations isn't so much how the budget pie is being cut by age group. It is the size of the pie. …
Obama's budget offers a clever means of giving conservatives some of what they want, but it also names a price for them: $700 billion in new tax revenue. The main idea, limiting itemized deductions for the richest households, is well-chosen. Rather than engage in hand-to-hand combat over ending this tax break or that one, lawmakers could simply put a cap on the total taken.”
Froma Harrop in the Providence (R.I.) Journal